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Amazon Echo: The World’s Smartest Assistant

Think Amazon (AMZN) is just the world’s largest online retailer? Think again. As technology advances, so does Amazon’s reach in the sector – to the point where it now competes with some of the largest companies in the world in a variety of fields. For example… In Amazon Web Services, it has a mammoth cloud-computing...

Why This Television Drama Ends Badly for Netflix

Let the bidding wars begin! Following its recent $1.1-billion acquisition of blogging site Tumblr, Yahoo (YHOO) isn’t done shopping yet. The company is among the bidders for the popular video streaming service, Hulu. It had better bring a blank check, though. According to Reuters, Yahoo faces stiff competition from Time Warner Cable (TWC), DirecTV (DTV),...

Pay-TV Companies Plot Revenge Against Netflix

During its last earnings call, Netflix (Nasdaq: NFLX) CEO, Reed Hastings, made it clear that the company isn’t trying to compete with pay-TV offerings from cable and satellite companies. Rather, it sees itself as a complimentary service to existing packages. Of course, that hasn’t stopped pay-TV customers from ditching television bundles in favor of Netflix’s...

Is Netflix’s Rally Just a Temporary Glitch?

Most longtime Wall Street Daily readers know that I’ve been in Netflix’s (Nasdaq: NFLX) corner for a while now… And it wasn’t always easy. Like when it raised the cost of its services in July… Or when its streaming video partner, Starz, decided not to renew its contract… And when the company planned to spin...

Netflix Launches in United Kingdom and Ireland

Netflix, which describes itself as the leading global internet subscription service for films and TV programs, is launching its service in the United Kingdom and Ireland. CEO, Reed Hastings, told Reuters TV that British and Irish subscribers can use Netflix through an array of internet-connected devices… “The Wii, PS3, the Xbox and Apple TV…” The...

Hollywood Looks to the Cloud With the UltraViolet Movie Locker

It’s not just cable providers suffering from the rising popularity of digital content. Sales figures for DVDs have entered a downward spiral, as well. IHS Screen Digest reports that DVD and Blu-ray sales are projected to plummet by $583 million this year, down 8% from 2010. The reason for this is pretty clear: More and...

A Desperate Move By Cable Companies That Could Turn Ugly

Two new deals inked this week prove that momentum for streaming video services continues to build… Amazon just landed a contract with News Corp.’s (Nasdaq: NWS) 20th Century Fox, which boosts its instant video service by 22%.  And Dreamworks Animation (Nasdaq: DWA) announced this week that it’s selling the rights to stream its current and...

Netflix Announces Deal With Dreamworks

Netflix is hoping customers still want it. The company is announcing a video-on-demand rights deal that will bring its customers Dreamworks Animation’s library of movies like “Puss in Boots” and “Kung Fu Panda 2,” as well as upcoming films. The cost: $30 million per new film, according to The New York Times. It’s the first...

Breaking Down the Recent Netflix News

It looks like investors aren’t going to stop punishing Netflix (Nasdaq: NFLX) anytime soon… Between the announcement of a new pricing structure in July… and its streaming movie partner, Starz, backing out of contract negotiations last month… Netflix shares have taken a 48% nosedive in short order. That’s likely what inspired Netflix’s CEO, Reed Hastings,...